Over the last weekend I was invited by an international development bank to run a workshop in the nice Hotel Eden in Kvareli, Kakheti. The topic of the workshop was “Georgia’s economic future”.
We started the workshop by discussing the great promise of development economics: “Do the right policy, and you’ll be fine”. Economists like Thorvaldur Gylfason like to show the growth paths of pairs of countries with somewhat similar characteristics, like Mauritius and Madagascar, Singapore and Malaysia, Botswana and Nigeria, and Ireland and Greece. In these pair...